346 Wedgewood Rd, Newark, DE, 19711 | $635/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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346 Wedgewood Rd, Newark, DE, 19711 | $635/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Rental property for sale in Newark at 346 Wedgewood Rd, Newark, DE, 19711 priced at $495,000 pairs $3,499/mo rent with $635/mo cash flow after a $2,423/mo payment. Total monthly income equals $3,499/mo, and annual cash flow comes to $7,616/yr on $164,093 invested. Return on cash invested is 24.55% in year one, and rental yield stands at 8.48% on a $495,000 basis. Equity gained on principal adds $3,194/yr, and 5% annual appreciation accumulates to $136,759 by year five. Five-year ROI measures 127.19% and total cumulative return in cash reaches $208,714. For financing, Ziffy Mortgage’s DSCR program evaluates $3,499/mo property income against a $2,423/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1971

0.50 Acres lot

$N/A/sqft

No HOA

More details about the property

Half acre minutes from University of Delaware under $500,000! If youve been searching for more room to spread outboth inside and outthis four-bedroom, 2.5-bath home on a half-acre lot might be just the fit. Freshly painted in warm, neutral tones, the home offers a comfortable and functional layout. The kitchen, featuring stainless steel appliances which opens to the family room with a wood-burning fireplace. Youll also find a spacious living room and a dining room with classic wainscoting. A convenient half bath and a large first-floor laundry room add to the homes practical design. Step outside to enjoy a large screened-in back porch overlooking the expansive, mature flat backyard. Located within the 5-mile radius of Newark Charter and just minutes from the University of Delaware, this home offers the space you need in a location youll love. As an added bonus, a brand-new septic system is currently in the permitting phase and will be FULLY paid for by the seller. While installation may extend beyond settlement, the buyer will benefit from a brand-new system at no additional cost. Home inspection report is available upon request.

Neighborhood Data

Neighborhood data shown for ZIP Code: 19711, Newark, DE area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	22,208 (100%)
Owner Occupied HU	13,334 (60.0%)
Renter Occupied HU	6,641 (29.9%)
Vacant Housing Units	2,233 (10.1%)
Median Home Value	$405,647
Average Home Value	$449,152